New York- News Corp. chairman Rupert Murdoch has admitted management shortcomings impacted STAR TV’s business in India and contributed to a decline in STAR’s operating profit after four years of growth. “I’ll put my hand up for the blame. We took our eye off management there a bit and got into some trouble in India,” Murdoch said. “It has all been sorted out. Peter Chernin has been out there, and there’s a lot of work going on. So we will see⦠we have some very interesting and good hires and we have great confidence in it.” STAR’s March quarter saw operating profit decline by 34% year-on-year to US$19 million. Media Partners Asia identified other issues which affected the company as content costs; competition from rivals such as Zee; disruptions in the ratings measures being used in India; and a lack of investment in new programming. These are being resolved with a number of initiatives including a US$30-35 million investment with Balaji Telefilms to launch regional-language general entertainment channels.
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